Income Gap

NEW YORK (CNNMoney) -- Older Americans are now 47 times richer than the youngest generation, marking the largest wealth gap ever recorded between the two age groups. In 2009, households headed by adults 65 years and older held a median net worth of $170,494, while households headed by adults 35 years and younger held a net worth of $3,662, according to a report by the Pew Research Center. While it's typical for older generations to hold more wealth than younger ones who've had less time to save, the gap between the two age groups has widened rapidly.

NEW YORK (CNNMoney) -- Older Americans are now 47 times richer than the youngest generation, marking the largest wealth gap ever recorded between the two age groups. In 2009, households headed by adults 65 years and older held a median net worth of $170,494, while households headed by adults 35 years and younger held a net worth of $3,662, according to a report by the Pew Research Center. While it's typical for older generations to hold more wealth than younger ones who've had less time to save, the gap between the two age groups has widened rapidly.